Congress Changes the Pension Laws Again

In what is becoming almost an annual tradition, Congress has once again changed the laws governing the nation’s “qualified” retirement plans. In some years, the changes are fairly limited and fairly “technical.” Such changes may affect only a small number of plans or may affect only certain types of “qualified” plans, such as defined benefit plans. In other years, the changes are far-reaching and may affect all types of “qualified” plans. This is one of those years.